Solution Manual for Family Business, 4th Edition

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Product details:

• ISBN-10 ‏ : ‎ 1285056825
• ISBN-13 ‏ : ‎ 978-1285056821
• Author: Ernesto Poza

FAMILY BUSINESS provides the next generation of family business owners with the knowledge and skills needed for the successful management and leadership of the family enterprise. The author, Ernesto Poza, uses both text and cases to explore a diverse set of family firms, examining the interrelationships between the owners, the family, and the management team. FAMILY BUSINESS, at its core, is a practical book that presents management and family practices to model success as well as an honest look at the advantages and challenges facing family enterprises. With an emphasis on leadership and positioning for the future, FAMILY BUSINESS illustrates how the family enterprise can achieve sustained growth and continuity through generations.

Table Of Contents:

1. Ch 1: The Nature, Importance, and Uniqueness of Family Business
2. Introduction
3. What Constitutes a Family Business?
4. Succession and Continuity: The Three Generation Rule
5. Building Family Businesses that Last
6. The Systems Theory Perspective
7. Family-First Businesses
8. Management-First Businesses
9. Ownership-First Businesses
10. The Agency Theory Perspective
11. The Strategic Perspective: Competitive Challenges and Competitive Advantages of Family Businesses
12. Competitive Advantage: The Resource-Based View
13. The Stewardship Perspective
14. Ethics, Social Responsibility, Philanthropy, and the Family Business
15. Family-Business Research
16. Summary
17. Ch 2: The Family Dynamics Challenge
18. Introduction
19. The Stories of Two Very Different Family Cultures
20. Zero-Sum Dynamics and Family Culture
21. The Family Systems Perspective
22. The Role of Genograms and Family Messages in Helping Us Understand the Family System
23. Family Emotional Intelligence
24. How Families Add Value: The Family-Business Interaction Factor
25. The Benefits of Family Meetings
26. Family Unity and Continuity
27. Planning and Policy Making
28. Trusts, Legal Agreements, and Personal Responsibility
29. Conflict Management
30. Summary
31. Ch 3: The Ownership Challenge
32. Introduction
33. Shareholder Priorities
34. Responsibilities of Shareholders to the Company
35. Effective Governance of the Shareholder-Firm Relationship
36. The Role of the Board
37. Information, Communication, and Education: Shareholders
38. Ownership Structure: Design and Execute it
39. Ownership Structure and Classes of Stock
40. Buy-Sell Agreements
41. Summary
42. Appendix
43. Case 1: The Binghams and the Louisville Courier-Journal Companies
44. Case 2: Small Family Business: Power Play at The Inn
45. Case 3: The Ferré Media Group
46. Case 4: Small Family Business: “She’ll Always be My Little Sister”
47. Case 5: The Vega Food Company
48. Ch 4: The Governance and Professionalization Challenge
49. Introduction
50. Challenges to Family Governance
51. Blurred System Boundaries
52. The Alternative to Blurred System Boundaries: Joint Optimization of Family and Business
53. The Professionalization Challenge and Family Governance
54. The Strategy and Structure of Family Governance
55. The Board of Directors and the Financial Performance of the Firm
56. Family Members on the Board
57. The Founder Exits, a Family Office is Launched
58. The Family Council’s Contribution to Family Governance
59. The Family Constitution
60. The Unifying Power of Family Philanthropy
61. Family Governance: Managing the Challenges of Succession
62. Summary

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